The 30-acre, oceanfront lodge options 260 rooms. (Picture courtesy of Montage Laguna Seaside)

LAGUNA BEACH, CALIF. — Houston billionaire Tilman Fertitta has acquired the Montage Laguna Seaside Resort Resort overlooking the Pacific Ocean alongside the California shoreline. China-based Dajia Insurance coverage Group Co. bought the asset for $650 million, in response to the Los Angeles Instances. The posh lodge, which opened in 2003, options 260 rooms.

The 30-acre resort features a 20,000-square-foot spa; outside recreation areas together with two swimming pools and direct seashore entry; a advantageous artwork assortment; and greater than 20,000 sq. toes of indoor and outside assembly area.

The Spa Montage provides eucalyptus steam rooms, dry redwood saunas, ocean air whirlpools, fire lounges, a health heart, motion studio and lap pool.

The entire guestrooms, together with 60 suites, seashore bungalow-style rooms and multi-bedroom villas, characteristic views of the Pacific Ocean. The lodge’s web site exhibits that the nightly price for a room with a king-sized mattress and sitting space with couch is $1,180.

Fertitta, who bought the NBA’s Houston Rockets for $2.2 billion in 2017, is not any stranger to luxurious inns. In 2018, he constructed the Publish Oak Resort at Uptown Houston. He additionally owns 14 different inns across the nation, together with the San Luis Resort in Galveston, Texas; 5 Golden Nugget casinos and inns; and the Huntting Inn in East Hampton, N.Y.

Along with his hospitality portfolio, Fertitta is thought for his high-end seafood and steakhouses all through California, together with Catch Seafood and Catch Steak, Mastro’s Ocean Membership and Mastro’s Steakhouse, Morton’s The Steakhouse, Del Frisco’s Double Eagle Steakhouse and The Palm. Fertitta owns and operates greater than 60 manufacturers amounting to over 600 eating places nationwide.

— Kristin Hiller